Question: 1. For a discipline to become a science, the results of experiments and research must be exact." Do you agree with this statement? Discuss.
2. Why, in practical terms, is it impossible to separate deductive and inductive approaches to theoretical reasoning?
3. What is the relationship among scientific method, accounting research, and accounting policy making?
4. What are the two principal underlying assumptions of agency theory (positive accounting research)? Criticize their role in constructing a theory of accounting.